Description

TRAVELS & RENTALS LIMITED announces rights issue offering 1 equity share at Rs. 15/- (including premium of Rs. 5/-) for every 1 equity share held, with record date of January 28, 2026.

Summary

TRAVELS & RENTALS LIMITED (Scrip Code: 544242) has fixed the record date for its rights issue of equity shares. The company will issue 1 equity share of Rs. 10/- face value for every 1 equity share held at a premium of Rs. 5/- per share, making the total issue price Rs. 15/- per share. Trading on ex-rights basis will commence from January 28, 2026.

Key Points

  • Rights Entitlement: 1 equity share for every 1 equity share held (1:1 ratio)
  • Face Value: Rs. 10/- per equity share
  • Premium: Rs. 5/- per share
  • Total Issue Price: Rs. 15/- per share (payable in full at application)
  • Scrip Code: 544242
  • Settlement Number: DR-807/2025-2026
  • Segment: Dematerialised Securities – Rolling Settlement Segment

Regulatory Changes

No regulatory changes. This is a standard corporate action notification for a rights issue in compliance with BSE listing requirements.

Compliance Requirements

  • Trading members must execute all transactions in TRAVELS & RENTALS LIMITED shares on an ex-rights basis from the specified date
  • The entire issue price of Rs. 15/- per share must be paid at the time of application
  • Trading members are required to note this corporate action for proper settlement and client communication

Important Dates

  • Notice Date: January 22, 2026
  • Record Date: January 28, 2026
  • Ex-Rights Date: January 28, 2026
  • Settlement Number: DR-807/2025-2026

Impact Assessment

Market Impact: Medium - The rights issue will result in equity dilution for non-participating shareholders. Trading on ex-rights basis from January 28, 2026 will adjust the market price to reflect the rights entitlement.

Shareholder Impact: Existing shareholders have the opportunity to maintain their proportional ownership by subscribing to the rights issue at Rs. 15/- per share. Non-participation will result in dilution of their holdings.

Operational Impact: Trading members must ensure their systems and processes account for ex-rights trading from the specified date to ensure proper settlement and prevent trade failures.

Impact Justification

Rights issue affects existing shareholders with dilution implications. Medium impact as it's specific to one company and standard corporate action procedure.